American Realty Capital Trust V Exploring Strategic Alternatives

American Realty Capital Trust V Inc. has hired J.P. Morgan Securities LLC and RCS Capital, as financial advisors to assist it in evaluating potential strategic alternatives following the successful closing of its $1.7 billion initial public offering.

Since it began its offering of non-traded shares publicly in April 23, the Nicholas Schorsch-backed REIT has acquired a diversified portfolio of 443 properties at an aggregate purchase price of $2 billion, comprised of 12.4 million rentable square feet that were 100% leased with a weighted-average remaining lease term of 10.2 years.

The bulk of the portfolio was acquired from Inland American Real Estate Trust Inc. from which it acquired 244 properties for a total purchase price of $1.5 billion.

Significant Portfolio Properties

The rentable square feet or annualized rental income of the following properties each represents 5% or more of the total portfolio.

Home Depot - Birmingham, AL, is a freestanding, single-tenant distribution facility, comprised of 657,600 total rentable square feet and is 100% leased to a subsidiary of The Home Depot Inc. As of year-end, the tenant has 13.1 years remaining on its lease which expires in January 2027. The lease has annualized rental income of $3.1 million and contains three five-year renewal options.

Home Depot - Valdosta, GA, is a freestanding, single-tenant distribution facility, comprised of 657,600 total rentable square feet and is 100% leased to a wholly-owned subsidiary of Home Depot, As of year-end, the tenant has 13.1 years remaining on its lease which expires in January 2027. The lease has annualized rental income of $2.9 million and contains three five-year renewal options.

American Express Travel Related Services - Salt Lake City, UT, is a freestanding, single-tenant office building, comprised of 395,787 total rentable square feet and is 100% leased to a subsidiary of American Express Co. As of year-end, the tenant has 6.3 years remaining on its lease which expires in March 2020. The lease has annualized rental income of $3.4 million and contains five five-year renewal options.

American Express Travel Related Services - Greensboro, NC, is a freestanding, single-tenant office building, comprised of 389,377 total rentable square feet and is 100% leased to a subsidiary of American Express. As of year-end, the tenant has 6 years remaining on its lease which expires in December 2019. The lease has annualized rental income of $4 million and contains five five-year renewal options.

United Health - Howard, WI, is a freestanding, single-tenant office building, comprised of 400,000 total rentable square feet and is 100% leased to United Healthcare Services Inc. As of year-end, the tenant has 7.5 years remaining on its lease which expires in June 2021. The lease has annualized rental income of $5.3 million and contains three five-year renewal options.

New Breed Logistics - Hanahan, SC is a freestanding, single-tenant distribution facility, comprised of 390,486 total rentable square feet and is 100% leased to New Breed Logistics of South Carolina LLC. As of year-end, the tenant has 7.8 years remaining on its lease which expires in November 2021. The lease has annualized rental income of $1.9 million and contains two five-year renewal options.

Merrill Lynch - 1400 Merrill Lynch Drive - Hopewell, NJ, is a freestanding, single-tenant office building, comprised of 327,278 total rentable square feet and is 100% leased to Merrill Lynch, Pierce, Fenner & Smith. As of year-end, the tenant has 10.9 years remaining on its lease which expires in November 2024. The lease has annualized rental income of $7.5 million and contains three five-year renewal options.